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Personal loan Akividu

    Personal Loan Akividu

    There was a time when borrowing used to be considered as almost a sin. Whereas today, you name an incident a loan is available for you from not one but many resources. Whether you want to get married, go for a vacation, celebrate a festival €“ €˜Personal loan€™: your loyal and honest companion will be with you 24*7! It is very simple and easy to get this loan. This loan is an unsecured loan, it means you do not have to give any guarantee to acquire this loan.

     Personal loan Akividu eligibility criteria

    The eligibility criteria is different for both salaried and self-employed applicants.

    For salaried applicants:

    1. Firstly, age should range between 21-60 years.
    2. Income should be equal to or more than INR 18,000.
    3. Applicant must be a resident of India.
    4. Work experience of at least three months is required. In addition to this, the salary should come in a bank account only.
    5. Moreover, it is important that the CIBIL score (credit history) should be good.

    For self-employed applicants:

    1. In this category, age should be between 25-65 years.
    2. In this, the applicant should have an ITR of at least three years.
    3. Furthermore, minimum ITR should be of 2.5 lacs per annum.
    4. Applicant must be a resident of India.
    5. Again, a good CIBIL score (credit history) is required.
    6. Business should be running from the past three years.

     Documents required for Personal Loan Akividu

    It requires very few documents to process the loan, documentation is hassle-free. After you put in the request and fulfill the eligibility criteria, you are in receipt of the money within a week or two.

    First of all, one Identity proof is required (Aadhar Card/Voter ID Card/ PAN Card/ Passport/ Driving License).

    After that, two colored passport sized photographs are required.

    Furthermore, one residence proof is required. It can be Aadhar Card/Voter ID Card/ PAN Card/ Passport/ Driving License/ Ration Card/ Rental Agreement/ Utility bills of last three months by the name of the applicant.

    One proof of income is required. For a salaried person, it can be salary slips for the last three months. Also, the bank statement of last 6 months is also required to get a Personal Loan.

    For a self-employed applicant, the income proof is ITR of last three years and it should be of at least 2.5 Lacs.


    Interest rates personal loan Akividu

    As compared to other loans, a personal loan has lower operating costs by nature, along with no hidden charges. Generally, the basic rate of interest in the personal loan is 10.75% per annum. However, it can vary from time to time.

    Pre-closure Charges

    Pre-closure means closing the loan before the completion of the tenure of the loan. The Personal Loan offers the facility of pre-closure. But, there are some nominal penalty charges. They generally range from 0-2%.

    Tenure of Personal Loan Akividu

    The applicants are free to decide the tenure of the loan according to their convenience. It can range from six months to five years depending on their requirement.

    Methods of Repayment

    There are various ways of repayment of the Personal Loan

    Flat interest rates

    Reducing balance interest rates




    How to apply?


    Fill the online application form with the required fields.

    You will get a call from the loan experts within 5 minutes.

    The process is very easy, simple and hassle-free.


    About Akividu

    Akividu is a village in West Godavari district in Andhra Pradesh. To apply for a Personal Loan online in Akividu, visit It is very easy to apply and the applicant can easily get a personal loan if it matches the eligibility criteria.